NADEEM MALIK: NEWS GURU ON PRIVATISTAION & INVETSMENT

PRIVATISTAION & INVETSMENT

Pakistan targets $3.5 bln privatisation proceeds during FY08- Privatisation Commission

Privatisation Commission receives $440.597 mln sale proceeds during Jul-Nov FY08- PC

Payments received include UBL GDRs $85 mln, HBL IPO $196 mln, Etisalat tranche for PTCL $133.217 mln and PKR 1.6 bln others- PC

Pakistani Companies to be listed in the international market through Global Depository Receipts (GDRs)-

GDRs of National Bank of Pakistan, Habib Bank Limited (HBL), Kot Adu Power Company (KAPCO) and Pakistan Petroleum Limited (PPL) to be launched-

PC to offload Faisalabad Electric Supply Company (FESCO) and Jamshoro Power Company (JPC)-

Deutsche Bank, Morgan Stanley and AKD Securities Financial Advisors of NBP GDRs-

Current Account Deficit totals $2.15 bln during July-Sept FY08 or 1.3 pct of GDP- Finance Ministry

Export up by 5.8 pct, imports register 1 pct decline- Finance Ministry

Borrowing for budgetary support PKR 92.96 bln till Oct 27, 2007- SBP

Private credit off take totals PKR 38.23 bln till Oct 27, 2007- SBP

Broad Money Growth 1.76 pct till Oct 27, 2007-11-08

Foreign Private Investment $862.5 mln during Jul-Sep FY08, down by 6.2 pct- SBP

Foreign Exchange Reserves 16.35 bln- SBP

Rating agencies assign negative outlook-

Spreads on Pakistani bonds increases by 300 basis points

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Nadeem Malik